Qiwi adjusts 2018 guidance for Tochka, Rocketbank agreements [Seeking Alpha]
QIWI plc - American Depositary Shares (QIWI)
Last qiwi plc - american depositary shares earnings: 3/24 07:15 am
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finance.yahoo.com/quote/qiwi
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Source: Seeking Alpha
Qiwi Plc (NASDAQ: QIWI ) in premarket trading after the fintech company says it's reached final agreements with Otkritie Bank regarding Tochka and Rocketbank transactions. We continue to see 2018 as a year of investments in our new projects, says CEO Sergey Solonin. Reflecting this development, Qiwi now sees adjusted net profit for the year declining by 25% to 15% vs. 2017, compared with down 10% to unchanged, guidance given on June 7 that excludes the full effects of Tochka and Rocketbank. Qiwi increased its outlook for revenue and payment services segment net profit: Total adjusted net revenue is expected to increase 26%-32% vs prior range of 18%-22%. Payment services segment net revenue up 18%-22%; had seen 12%-16%. Payment services net profit increase of 12%-17% vs. 10%-15%. Source: Press Release Previously: QIWI misses by $0.01, beats on revenue (Aug. 16) See all stocks on the move » Now read: QIWI misses by $0.01, beats on revenue » S
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